Everglory News

6Feb, 2020

The world is buzzing with news, and stories, abut the recent Coronavirus outbreak that started in Wuhan, China. Ship calls to ports in China have fallen 20% since January 20, 2020 as measure take hold to stop, or at least slow down the spread of the virus. According to the Wall Street Journal, analysts expect… Read more »

24Jan, 2020

News has been coming to us fast and wild this month as the USTR and President Trump use the new year to finalize their trade policies that have been in the works for more than a year. From the US/China negotiations and “Phase One” agreement to the WTO Airbus decision and how it impacts wine… Read more »

14Jan, 2020

Every year it’s important to look at the calendar to plan for first quarter shipments as the Chinese New Year celebrations shut down the factories and shipments coming from China. This year, we’re not only going to talk about the logistics side of Chinese New Year, but we’ll also touch a bit on the cultural… Read more »

18Dec, 2019

After almost two years of ever-increasing tariff negotiations, the US and China have come to a preliminary “phase one” bilateral trade agreement. Key points of the agreement include agricultural exports from the US to China, intellectual property securities and both a reduction of current tariffs on the first three tranches of duties and a cancellation… Read more »

4Dec, 2019

As suppliers search for new markets to source goods during the US China tariff negotiations, Vietnam is a natural fit. However, there is an increase in the worry that some goods are at risk of bearing a “Made in Vietnam” label even though they’ve actually been manufactured in China to avoid tariffs. Because the US… Read more »

6Nov, 2019

Updates to the minimum security criteria for members of CTPAT will be effective on January 1, 2020. Though the changes aren’t available to the general public, members can view the full set of updates via CTPAT’s online portal. New criteria will cover the following areas: Management commitment to a culture of security throughout the organization… Read more »

7Oct, 2019

Officially finalized on Wednesday after the WTO made a final ruling, the US plans to levy $7.5 billion in tariffs on luxury goods against the EU. Though European leaders have called for resolution without new tariffs, as the US also gave illegal subsidies to Boeing, there has been no settlement beyond the tariffs, so far…. Read more »

11Sep, 2019

UPDATE 12.SEPT.2019 In what many hope are signs of a deescalation of the current trade war, China released a list of exemptions for their current tariffs against US imports. Fish meal, alfalfa, and lubrication oil are among the products listed for exemptions on the 25% tariffs imposed by China last year. In what he’s calling… Read more »

23Jul, 2019

Mediterranean Shipping Company (MSC) is the largest carrier for US container imports with a market share equal to 13%. When the MSC Gayane was inspected upon calling the Port of Philadelphia it was found to have seven containers on board stuffed with a total of 18 tons of cocaine – a street value of $1.3… Read more »

2Jul, 2019

The fourth of July is the quintessential America holiday. It’s a lively celebration where families get together, swim, travel, barbecue, and either watch or take part in a fireworks extravaganza. Fireworks have been part of the celebration of Independence Day since the 1770’s and could be considered the first key part of the celebration. Now,… Read more »